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Onstream Media Announces MarketPlace365® Services Agreement with ThinkGlobal Inc. to Create Online Virtual Marketplaces for International Business and Foreign Direct Investment

POMPANO BEACH, FL – August 23, 2011 - Onstream Media Corporation ( OTC: ONSM), a leading online service provider of live and on-demand corporate audio and web communications, virtual event technology and social media marketing, today announced that ThinkGlobal Inc., a print and online publishing company, specializing in B2B and higher education markets, has signed a MarketPlace365® services agreement to develop international, online trade and investment marketplaces in which U..S. exporters and local, state, regional and national Economic Development Organizations (EDOs) - along with related industry service providers - can reach potential buyers, distributors and international investors worldwide.

ThinkGlobal expects the new marketplaces to benefit from its worldwide network of importers and exporters as well as from EDOs throughout the U.S. that desire to attract foreign direct investment. In addition, ThinkGlobal's virtual marketplaces will strengthen its already robust webinar and online event presence by bringing videos, reference libraries and live chat capabilities to exporters, service providers, buyers and potential investors.

ThinkGlobal expects the web-based marketplaces to feature an online Lounge where exhibitors and attendees can network and exchange business-building ideas. Additionally, the marketplace will include an extensive online Media Library and Learning Center featuring educational sessions lead by industry-leading experts. Augmented by an annual "bricks and mortar" tradeshow, the complementary virtual marketplace will provide a continual source of information, including updated research and contact data, white papers, articles and PowerPoint presentations. Seminars and webinars will also be offered with full-day "virtual fairs" occurring each quarter.

ThinkGlobal is a print and online publishing company, specializing in B2B and higher education markets. The company publishes magazines, newsletters and websites, and handles contract publishing. They publish Commercial News USA, the official export promotion magazine of the U.S. Department of Commerce, and are a Corporate Marketing partner of the Commerce Department.

"We are uniquely positioned to leverage our ongoing relationship with the U.S. Commerce Department, in supporting the nation's goals of boosting U.S. exports and increasing international investment in the United States," says Gregory Sandler, President of ThinkGlobal. "There is clearly an opportunity for potentially hundreds of exhibitors and thousands of attendees to benefit from MarketPlace365's virtual tradeshow technology with its unique, dynamic online availability-any place, at any time."

"Facilitating inbound investment to the U.S. and providing a marketing platform for exporters is a perfect fit for MarketPlace365," says Randy Selman, President and CEO of Onstream Media. "This agreement between ThinkGlobal and Onstream Media helps us each extend our global reach and leverage the power of MarketPlace365, to knock down geographic barriers, facilitate international commerce and offer a whole new level of networking and education."

MarketPlace365 is a comprehensive, online lead-generation and communications virtual conference and trade show platform that enables publishers, associations and tradeshow organizers to quickly, easily and affordably self-deploy and manage their own online multimedia "marketplace," while creating a compelling social-media experience for the attendee. MarketPlace365 brings communities with common interests together online for commerce and information exchange. MarketPlace365 features include: social networking, search engine optimization, advanced analytics, videos, webinars, presentations and a full suite of marketing and communications tools. For more information, visit www.MarketPlace365.com.

For more information about the new International Business and Foreign Direct Investment marketplaces, please visit http://www.thinkglobal.com/mp365

About Onstream Media:

Onstream Media Corporation ( OTC: ONSM) is a leading online service provider of live and on-demand corporate audio and web communications, virtual event technology and social media marketing. Onstream Media's innovative Digital Media Services Platform (DMSP) provides customers with cost effective tools for encoding, managing, indexing and publishing content via the Internet. The company's MarketPlace365 solution enables publishers, associations, tradeshow promoters and entrepreneurs to rapidly and cost effectively self deploy their own online virtual marketplaces. In addition, Onstream Media provides live and on-demand webcasting, webinars, web and audio conferencing services. To date, almost half of the Fortune 1000 companies and 78% of the Fortune 100 CEOs and CFOs have used Onstream Media's services. Select Onstream Media customers include AAA, Dell, Disney, Georgetown University, National Press Club, PR Newswire, Shareholder.com (NASDAQ), Sony Pictures and the U.S. Government. Onstream Media's strategic relationships include Akamai, BT Conferencing, Qwest, and Trade Show News Network (TSNN). For more information, visit Onstream Media at http://www.onstreammedia.com or call 954-917-6655.

About ThinkGlobal Inc:

Founded in 1995, ThinkGlobal Inc. is a print and online publishing company that specializes in the business-to-business and higher education markets. ThinkGlobal publishes magazines, newsletters and websites as well as handles contract publishing. The company's Commercial News USA is the official export promotion magazine of the U.S. Department of Commerce and ThinkEducationUSA.com is an international student recruitment website. In addition, ThinkGlobal has extensive experience working with government agencies, non-profit organizations, educational institutions and trade associations, such as the U.S. Commerce Department, the U.S. Council for International Business and the National District Export Council Inc.. For more information, visit www.ThinkGlobal.us.

ONSM Media Relations:
Chris Faust